The main IRS tax deadline in the USA for this year was April 18, 2023, but a lot of people requested a tax extension to give themselves some extra time.
The due date for tax extension, which was postponed to October 16, 2023, is also rapidly approaching with just one month left.
If you requested an extension but haven’t yet filed, you should really begin preparing your tax return for the 2022 tax year.
What Paperwork is Required to File Your Taxes?
If you’re able to get around to filing your taxes before the official tax extension due on October 16, you’ll need this to do so correctly.
To file your taxes, you must have the following documentation:
The W-2 from your employer or employers
Other earning and interest statements’ 1099 and 1099-INT forms
The invoices for all of your tax deductions
The next thing to do is to choose your filing status and the method you’ll employ to file your taxes; for electronic filing, the IRS advises using tax preparation software.
Consider whether you want to itemize your return or accept the standard deduction while making this decision.
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How Can You Ask for an IRS Tax Extension?
When the spring filing deadline approaches, the majority of taxpayers have the option of requesting a tax extension.
It is quite simple to complete, and you can do it online on the IRS website.
The tax agency says, you can file Form 4868, Application for Automatic Extension of Time to File, or use IRS Free File at IRS.gov/freefile to request an automatic filing extension.
Even though the final IRS tax filing date for the 2022 tax year is approaching, if you recently suffered from a natural disaster, there may still be options for additional tax extensions.
To learn more about this and see whether you qualify, go to the IRS website’s natural disasters section.
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Source: Marca
